The North America Circulator Pumps Market would witness market growth of 2.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 10,609.7 thousand units, showcasing a growth of 2.3% (2019-2022).
Circulator pumps with capacities ranging from 15 to 30 m3/h are versatile components with numerous applications across various sectors. In residential settings, these pumps are commonly employed in larger homes or multi-story buildings where higher flow rates are necessary to efficiently circulate water in heating systems. They are instrumental in maintaining consistent temperatures throughout the structure, ensuring comfort and energy efficiency. Consequently, the US market utilized 951.0 thousand units of pumps with 15 to 30 m3/h in the market in 2022.
The US market dominated the North America Circulator Pumps Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,831.5 million by 2030. The Canada market is experiencing a CAGR of 2.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 3.6% during (2023 - 2030).
These pumps are critical in municipal infrastructure projects, contributing to efficient water management, wastewater treatment, and irrigation systems. These pumps are utilized in water distribution networks to maintain water pressure, overcome elevation differences, and ensure adequate water supply to communities. In wastewater treatment plants, it facilitates the circulation and aeration of wastewater to promote biological treatment processes and remove contaminants. Additionally, irrigation systems use these pumps to distribute water evenly across agricultural fields, parks, and landscaping areas, supporting crop growth and landscape maintenance.
Moreover, these pumps are increasingly integrated into renewable energy systems such as solar thermal systems, geothermal heat pumps, and heat recovery systems. For instance, the International Energy Agency projects that by early 2025, renewable energy sources will account for more than one-third of all electricity generation, surpassing coal. In solar thermal systems, it circulates heat transfer fluid (e.g., glycol) between solar collectors and heat storage tanks, enabling the capture and utilization of solar energy for space heating or hot water production.
Urbanization in Canada is driving population growth in cities and metropolitan areas, increasing the demand for modern infrastructure and utilities. Many municipalities in Canada are investing in the renewal and upgrading of aging infrastructure, including water distribution networks, sewage systems, and district heating/cooling networks. Adopting district energy systems is gaining momentum in Canadian cities as a sustainable solution for providing centralized heating and cooling services to multiple buildings. Canada has abundant renewable energy resources, including hydroelectric, wind, solar, and biomass. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The Circulator Pumps Market is Predict to reach USD 20.3 Billion by 2030, at a CAGR of 3.2%
Based on End User, the market is segmented into Commercial, Residential, and Industrial. Based on Flow Rate, the market is segmented into More than 45 m3/hr, Less than 15 m3/h, 30-45 m3/hr, and 15-30 m3/hr. Based on Application, the market is segmented into Industrial Circulation, Hot Water Heating System, Solar & Geothermal Systems, Air Conditioning, Domestic Water Recirculation and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Flow Rate (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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